| Global credit rating agency Standard & Poor’s (S&P) has assigned ‘AA’ issue credit rating to Qatar’s proposed dollar-denominated sukuk. The rating has been assigned to trust certificates to be issued by SoQ Sukuk A, a special purpose vehicle (SPV) registered in Qatar and wholly-owned by the State.
“We believe the reason behind the transaction is to raise funds in accordance with Islamic principles. The issuance of sukuk shall be made via the Shariah principle of ijara (leasing),” S&P said...............................................Full Article: Source
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